Chapter 15 - Price Levels And The Exchange Rate In The Long Run

40 Questions  I  By Morganeci

  
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1.  Which of the following statements is the most accurate about the Law of One Price on Scandinavian ferry lines?
A.
B.
C.
D.
E.
2.  Which of the following statements is most accurate?
A.
B.
C.
D.
E.
3.  Under Purchasing Power Parity,
A.
B.
C.
D.
E.
4.  Which of the following statements is the most accurate?
A.
B.
C.
D.
E.
5.  An increase in the world relative demand for U.S. output causes
A.
B.
C.
D.
E.
6.  Which of the following statements is the most accurate? In general, under the monetary approach to the exchange rate,
A.
B.
C.
D.
E.
7.  In order for the condition E$/HK$ = Pus/PHK to hold, what assumptions does the principle of purchasing power parity make?
A.
B.
C.
D.
E.
8.  Under a flexible-price monetary approach to the exchange rate,
A.
B.
C.
D.
E.
9.  Which of the following statements is the most accurate?
A.
B.
C.
D.
E.
10.  When the domestic money prices of goods are held constant
A.
B.
C.
D.
E.
11.  Under the monetary approach to the exchange rate,
A.
B.
C.
D.
E.
12.  If people expect relative PPP to hold,
A.
B.
C.
D.
E.
13.  Which of the following statements is the most accurate?
A.
B.
C.
D.
E.
14.  Which of the following statements is the most accurate?
A.
B.
C.
D.
E.
15.  Which of the following statements is the most accurate?
A.
B.
C.
D.
E.
16.  The difference between nominal and real interest rates is that
A.
B.
C.
D.
E.
17.  Which of the following statements is the most accurate? In general,
A.
B.
C.
D.
E.
18.  In the short run,
A.
B.
C.
D.
E.
19.  Which of the following statements is most accurate?
A.
B.
C.
D.
E.
20.  In practice,
A.
B.
C.
D.
E.
21.  Which of the following statements is most accurate?
A.
B.
C.
D.
E.
22.  Which of the following statements is the most accurate?
A.
B.
C.
D.
E.
23.  Under the monetary approach to the exchange rate theory, money supply growth at a constant rate
A.
B.
C.
D.
E.
24.  Who among the following list of people is an early 20th century economist from Yale University who wrote the book The Theory of Interest?
A.
B.
C.
D.
E.
25.  The expected real interest rate (re) in terms of the nominal interest rate (R) and the expected inflation rate (πe) is given by
A.
B.
C.
D.
E.
26.  Under PPP (and by the Fisher Effect), all else equal,
A.
B.
C.
D.
E.
27.  Under the monetary approach to the exchange rate,
A.
B.
C.
D.
E.
28.  Which of the following statements is most accurate?
A.
B.
C.
D.
E.
29.  Interest rate differences between countries depend on
A.
B.
C.
D.
E.
30.  Which of the following statements is the most accurate?
A.
B.
C.
D.
E.
31.  Under sticky prices,
A.
B.
C.
D.
E.
32.  Which of the following statements is the most accurate? In general, under the monetary approach to the exchange rate,
A.
B.
C.
D.
E.
33.  In the long run
A.
B.
C.
D.
E.
34.  Under sticky prices,
A.
B.
C.
D.
E.
35.  Which of the following statements is the most accurate? The law of one price states:
A.
B.
C.
D.
E.
36.  The expected rate of change in the nominal dollar/euro exchange rate is best described as
A.
B.
C.
D.
E.
37.  The monetary approach makes the general prediction that
A.
B.
C.
D.
E.
38.  Under Purchasing Power Parity,
A.
B.
C.
D.
E.
39.  When all variables start out at their long-run levels, the most important determinant of long-run swings is nominal exchange rates is
A.
B.
C.
D.
E.
40.  Which of the following statements is the most accurate?
A.
B.
C.
D.
E.
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